MGA launches middle-market captive reinsurer
Reprints
International Re Ltd., a London-based managing general agent, on Tuesday launched a captive reinsurer that offers coverage for midsize captives.
I-RE, which was founded earlier this year by Rupert Taylor, co-CEO and chief underwriting officer, and Andy Jeckells, co-CEO and chief commercial officer, will offer coverage through Bermuda-based R&Q Quest Ltd. for and on behalf of International Re Segregated Account, which operates at I-RE SA.
Initially, I-RE’s “focus will be on U.S. business, but I–RE sees significant opportunities to rapidly expand both geographically and in product suite,” the MGA said in a statement.
The MGA has completed several transactions with U.S.-based captives, the statement said.
Read Next
-
Randall and Quilter buys Irish captive insurer
Bermuda-based run-off insurer Randall and Quilter Investment Holdings Ltd. has acquired Ireland-based Western Captive Insurance Co. DAC, Sharecast reported. Randall and Quilter purchased Western Captive from its parent Ireland-based construction company Coffey Group. Randall and Quilter plans to transfer the insurer's business to its Maltese unit – Accredited Insurance (Europe) Ltd.
